CFA Society PH recognized 8 funds that have delivered the highest risk-adjusted returns compared to its peers

The Chartered Financial Analyst (CFA) Society Philippines held a virtual awarding of the Best Managed Fund of the Year Awards 2022 and recognized eight (8) funds that delivered the highest risk-adjusted returns to its investors.

The winners were assessed by the CFAP Fund of the Year Committee, which reviewed the financial institution’s submission of investment information and fact sheets. To know which of the entries had the highest returns, the committee used the Sortino ratio of each fund based on its five-year and three-year track record.

CFA Society Philippines gave awards in eight categories, both in peso-denominated and dollar-denominated funds. Only the funds accessible to the public or retail investors were considered.

Here are the winners:

MEDIUM TERM BOND (FVPL) refer to funds that use fair value profile and loss valuation purely (FVPL) with maturity duration up to five (5) years.

• Peso Medium-Term Bond (FVPL) – China Bank Intermediate Fixed Income Fund
• Dollar Medium-Term Bond (FVPL) – AUB Gold Dollar Fund

MEDIUM TERM BOND (HTM) refer to funds that utilize held-to-maturity valuations with maturity duration up to five (5) years.

• Dollar Medium-Term Bond (HTM) – ALFM Dollar Bond Fund

LONG TERM BOND (FVPL) refer to funds that use FVPL purely but with maturity duration greater than five (5) years.

• Peso Long-Term Bond (FVPL) – SB Peso Bond Fund
• Dollar Long-Term Bond (FVPL) – China Bank Dollar Fund

BALANCED FUND refers to fund that use FVPL purely with the mandate to invest in diversified portfolio of bonds and stocks where investment in stocks shall be up to a maximum of 40% to 60% of the fund.

• Peso Balanced Fund – UnionBank PHP Balanced Fund

EQUITIES refer to investments that were kept in cash for liquidity or portfolio-rebalanced with other portfolios. In this award category, only actively managed equity funds were eligible to participate.

Peso Equity Fund – ATRAM Alpha Opportunity Fund
• Dollar Equity Fund – BPI Invest Global Equity Fund-of-Funds

“The goal of the CFA Institute and the CFA Society of the Philippines in giving the fund of the year awards is to put investors first. We put the investors first by awarding funds that provided the best risk based returns on a consistent basis over a five (5) year period.  This performance and consistency is important for investors who put their hard earned money in the hands of their fund managers for their future.” Dr. Robert B. Ramos, CFA, CIPM, CAIA , President and Chairman of CFA Society Philippines said.

"Consistent with our advocacy to promote investor education and excellence in the industry, CFA Society Philippines is pleased to present the awards to deserving funds this year at a time when financial security is ever more important for many investors amidst the ongoing pandemic." added Mr. Mark Ilao, CFA, CIPM, Trustee and Vice President for Candidate Relations of CFA Society Philippines.